Quick Answer: What Is Your Current And Expected CTC?

What is the meaning of expected CTC?

total cost to companyToday, CTC means total cost to company incurred on account of hiring a particular employee and they include every payment made to you.

So, instead of filling the CTC amount, write the take home salary you expect every month from the company and let the Company fix the CTC figure as per their rules and regulations..

What is CTC and gross salary?

Gross Salary: Subtract gratuity and the employee provident fund (EPF) from Cost to Company (CTC), the amount that you get is your Gross Salary. It is the amount that you get before deduction of income taxes and other deduction such as bonus, overtime pay, holiday pay etc.

Can you lie about your current salary?

The bottom line is that lying about your current salary isn’t a good idea, but not directly answering the question with one hard figure and instead demonstrating your market research is acceptable.

What is salary history on a resume?

A salary history is a document that presents an employee’s past earnings. Some employers ask job candidates to present them with a salary history when they apply for a job. A salary history typically includes the name of each company, job title, salary, and benefits package the candidate has earned in the past.

What is your current CTC answer?

Anything you answer the question “ What is your current CTC? “ is going to affect you by setting a limit for the the employer to negotiate. If you tell him the correct CTC you are earning the company will just add a general 10 to 15% to it and that will be where the negotiation take place.

How do you show CTC on a resume?

One should not write expected CTC in resume. Neither the figure nor the percent hike you are looking for. Generally you send same resume to many job applications or upload on job portal and since CTC depends on organizations, job profile, skills set, experience etc.

Where should I put my expected salary in resume?

Most advisors recommend including the salary history in a statement in your cover letter rather than on your resume. In your cover letter, include it near the end of your letter. On the resume, you can add it as a section under your experience.

How is CTC calculated in salary?

What is CTC in Salary and How is Basic Calculated?CTC means Cost To Company. … CTC = Direct Benefits + Indirect Benefits + Savings Contributions.Basic Salary – It is the amount paid to an employee before any extras are added or taken off, such as reductions because of salary sacrifice schemes or an increase due to overtime or a bonus.More items…•

What should I put as my desired salary?

The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write ‘Negotiable’ rather than providing a number. If the application won’t accept non-numerical text, then enter “999,” or “000”.

Can CTC be monthly?

CTC. CTC or Cost to Company is the total amount that a company spends (directly or indirectly) on an employee. … CTC is inclusive of monthly components such as basic pay, various allowances, reimbursements, etc. and annual components such as gratuity, annual variable pay, annual bonus, etc.

Should I put expected salary in my resume?

In general, you should NOT include salary information on your resume. Sometimes your prospective employers may ask for your salary requirements or salary history, but unless there is a penalty for omission, such as your resume will be rejected, do not include the information.

What is minimum CTC?

CTC full form is Cost To Company. It means total salary package & benefits received by employee in a year including free meals, cabs, interest free loans.

What is CTC salary?

Cost to company (CTC) is a term for the total salary package of an employee, used in countries such as India and South Africa. It indicates the total amount of expenses an employer (organisation) spends on an employee during one year. … Employees may not directly receive the CTC amount.

What should I write in Expected CTC?

You would quote 20L as your Minimum Expected CTC which will help you gain more interview requests, but in the interview process you would make a case for why they should offer you 22L.

What is your expected salary?

By aiming higher, you can make sure that, even if they offer the lowest number, you’ll still be making your target number. For example, if you want to make $45,000, don’t say you’re looking for a salary between $40,000 and $50,000. Instead, give a range of $45,000 to $50,000.

What is current CTC for fresher?

CTC or Cost to Company is the total salary package and benefits of an employee per year. It is basically the amount that a company or employer is willing to spend both directly and indirectly on you as it’s employee. CTC is inclusive of monthly components such as basic pay, various allowances, reimbursements, etc.

What is your expected salary best answer?

Tips for Giving the Best Answers You can try to skirt the question with a broad answer, such as, “My salary expectations are in line with my experience and qualifications.” Or, “If this is the right job for me, I’m sure we can come to an agreement on salary.” This will show that you’re willing to negotiate.